Plotted here are two different Fibonacci extension sets. Genesis fibs are from its inception, at first wave of buying. Covid Stimulus fibs are from the bottom of the virus fear crash.
Golden Genesis fib at 263.81 is the CRITICAL threshold for the bounce. If we hold that fib, we have a good shot at next Genesis fib at 302.18. If we fall back below that fib, we will be at serious risk of lower lows.
Snapshot of today's price action on the 30 SECOND chart: Even after such a long journey, and violent retreat from up high, all of humanity stops on a PENNY.
.
Here is a separate Idea with full view of the Genesis Sequence: Use the "Make it Mine" option under SHARING to make your own copy.
ノート
PING
Could this be the ONE? The Ping to start the next leg?
"Not all Pings start a Reversal, but Most reversals Start with a ping".
15 second chart and fib of the "concussion" suffered upon hitting the major golden So whey does this happen? Because the Golden Ratio is the fabric of the universe, and the only "increment" allowed, whether microscopic like a 15sec chart on a random company stock, or HUGE like the arms of spiral galaxies, ALL defined by the Golden Ratio